A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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$FTSE (8.7.2013)
Read MoreWave ( A ) high appears to be in place. Today, we have seen a break of 6534 which gives us more confidence in this view. Expect some more weakness to complete wave A of ( B ) before we get a pull back in wave B and another round of weakness to complete wave […]
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$FTSE (8.6.2013)
Read MoreWave ( A ) high appears to be in place, break of 6534 will add more confidence to this view and will open up 6350 – 6365 area as support for completion of wave ( B ). Exact structure of the drop remains to be seen
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$USDJPY (8.5.2013)
Read MorePair is showing 5 swings down from 99.95 peak which makes 99.17 the connector. While below 99.17, expect a test of 97.55 – 97.85 zone to complete wave (( a )) before a corrective pull back in wave (( b )) and lower again. In the unlikely event 99.17 breaks before pair makes a new […]
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$EURAUD (8.1.2013)
Read MorePair is in wave ( iv ) pullback ideal support for which is 38.2 fib (1.4667). Expect this level to hold for continuation higher in the pair. As wave structure is bullish, we are only looking to buy dips and don’t like selling into the corrections.